Norsk Hydro to close Slovakian aluminium plant
The decision comes in response to adverse framework conditions and surging electricity prices.
Base Metals
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Base Metals
Nyrstar to place Dutch zinc smelting operations on care and maintenance
Effective from 1 September 2022, the decision comes in response to various external factors affecting the operations.
LME bans placement of Russian nickel in UK warehouses
The exchange believes there is a significant risk of high additional costs for buyers of Russian nickel from UK warehouses.
Tsingshan in talks to sell Indonesia steel assets to China Baowu Steel
The potential sale deal could be worth $3bn to $4bn.
Glencore’s shipments to Chinese trader halted over missing $500m of copper
The storage site in the port of Qinhuangdao was found to hold only one-third of the 300,000t of copper concentrate.
Inside a new toolkit for finding copper
Researchers from the University of Exeter have developed a new “toolkit” for finding copper deposits
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Russia mulls stockpiling metals to help domestic steelmakers
The stockpiled metal is expected to help reduce pressure on the domestic market in the event of commodity price hike.
Codelco H1 pre-tax profit dives on decline in production
The company’s adjusted EBITDA stood at $3.8bn while total revenues were $8.7bn.